Post Tagged with: "finance"

Payday lenders often advertise their services to the most vulnerable people in society

Beware of the loan sharks: Charity highlights predatory behaviour of payday lenders

Payday loan sharks have trapped an increasing number of Brits into unmanageable debts and new research has revealed that this problem is increasingly getting worse. In fact, a new report from the charity StepChange showed that the number of people seeking relief from payday lenders has shot up by 82 per cent. Worryingly most of those vulnerable people seeking help[Read More…]

Is Bitcoin the solution that it is cracked up to be?

Is Bitcoin the solution that it is cracked up to be?

Over the last few years, much has been said about the emergence of the Bitcoin, which is said to be going up in value. Bitcoin is a peer-to-peer payment system, which claims to operate with no central authority or banks. According to the Bitcoin website, it is open-source; its design is public, nobody owns or controls it and everyone can[Read More…]

Govt review could see state pensions privatised

Govt review could see state pensions privatised

The state pension could soon be privatised, under new government plans. In an effort to make up billions more in austerity savings, the Department for Work and Pensions (DWP) has launched a review into how it issues pension statements each year. The report – which is entitled DWP Efficiency Review, runs to over 80 pages and is marked “restricted” –[Read More…]

Prime Minister David Cameron, with Sharon and her daughter.

Help to Buy publicity stunt backfires on David Cameron

The government’s Help to Buy scheme has been hailed as an initiative which has helped thousands of hard-up people to get onto the property ladder – but is this really the case? Under the Help to Buy scheme, equity loans are given to first-time buyers and home movers on new-build homes worth up to £600,000. These loans lend buyers 95[Read More…]

How 99% of US citizens have been scammed by the system

How 99% of US citizens have been scammed by the system

The ordinary man and woman on the street has no chance of ‘winning’ when it comes to investment or finance, according to a new report. In a special report published by Business Insider, an investment manager said that the financial system is so corrupt that 99.9 per cent of Americans have little hope of profiting from it. The manager, who[Read More…]